Tax Benefit

Pvt ltd 535 views 1 replies

A company has some assets. It wants to sell them to other entities at cost. Kindly tell me the various tax implications, especially from tax benefit point of view to the company under following circumstances..,

1) When it sells to Charitable Trust

2) When it sells to Religious Charitable Trust

3) When it sells to a Company

4) When it sells to all the above during FY 2009-10 and during FY 2010-11 (please note that the company has bought them during FY 2009-10.)

Thanks for sharing your opinion, in advance!

Replies (1)

company is liable to capital gain  tax subject to exemption available if co. is involved in business of such assests then pf. or gain is chargeable to pgbp.others view solicited


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details